20700 Bonanza ST

Details

Introducing an exceptional opportunity for astute investors: a magnificent multi-family gem, nestled on an expansive wooded lot in the sought-after enclave of Lago Vista, Texas. A strategic location just moments away from the Austin Metro bus stop, City Hall, Police Station, and the esteemed Lago Vista Elementary School, this property holds immense appeal for those seeking a lucrative investment in a thriving community, perfectly positioned in close proximity to the vibrant city of Austin. This turnkey investment property has been thoughtfully curated to ensure a seamless and hassle-free ownership experience. With a proven track record of generating consistent cash flow, it presents an enticing proposition for investors looking to maximize their returns. The allure extends beyond the impeccable financials, as tenants are offered an added benefit of a Lago Vista Park Pass, enhancing their quality of life within this burgeoning locale. Meticulously maintained and thoughtfully upgraded, the building exudes an air of excellence. A 2015 renovation brought forth a wealth of enhancements, including new Hardie siding, trim, and paint, resulting in an exterior that exudes timeless elegance. Step inside to discover a harmonious blend of modernity and comfort, with nearly all units featuring sleek hard surface flooring, while select units boast luxurious granite countertops, updated bathrooms, fixtures, appliances, and fresh paint. Each 2-bedroom, 1-bathroom apartment showcases exceptional floor plans, complete with the cozy ambiance of fireplaces. This remarkable property currently commands a gross monthly rent of $5,320, a figure set to increase to $5,615 in August 2023, further solidifying its potential as a highly lucrative investment venture. The promising growth of the surrounding community, coupled with the proximity to Austin’s dynamic energy, ensures that this investment gem will continue to flourish and provide a steady stream of returns for the discerning investor.

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